Ireland Resists EU Bailout as Germany Pushes Aid to Calm Market
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Ireland rejected speculation that it was seeking a rescue before a Nov. 16 meeting of European finance ministers as Germany pushed for aid to calm volatility that sent borrowing costs of debt-laden countries to records.
A bailout hasn’t been discussed by Irish Prime Minister Brian Cowen’s Cabinet, Enterprise Minister Batt O’Keeffe said today on Dublin-based broadcaster RTE, refuting talk that there is a “crisis.” He said Ireland has no immediate need for cash.